According to Kmox radio there should be a announcement on a 2nd tenant in the coming weeks and they’ll take up the rest of the pennant building.
It's nice to know that the Pennant Building will be at 100% occupancy when it opens. I find it quite surprising how Dewitt and Benjamin have just sort of given up on trying to stir the rumor mill. A few days ago, they were both mum on future tenant announcements, let along a Phase 3 and now they are like "oh what the hell". Now they are going around teasing aTwo Cardinal Way and a Phase 3, which is a good thing and stating things like "One Cardinal Way is a third leased" and the Pennant Building will have another tenant to fill out the building.
The fact that they are talking about future development is great. Dewitt expressed desire of Phase 2 in the past with little to no movement but now it seems as though they are going to ride off the success of the Pennant Building and One Cardinal Way for a third phase. I could be entirely wrong but, as I said before, Cordish has done this with the "Light" towers in KC but office is a fairly new concept. And when you throw in those other companies that were turned away because of no space, you could have a sizable office building in a third phase built here, if those companies are interested.
With numbers this high this early on, I expect the remaining retail spaces to fill up in fairly short order, maybe even fill in the last retail space next to the Fudgery.
So to wrap up my mumbling late night post, in my opinion, I think it is crucial to follow the success of Phase 2 and go ahead with a Phase 3. I think it would be successful.
on another note, I was informed that soil testing could be conducted on the Northeast Parking lot soon. This comes from 3 people familiar with this. I assume it will be for Two Cardinal Way but we will see if this "informing" has truth to it.
Photos from yesterday. I like how the Loews Hotel is peeking out down Clark...
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I wouldn't read into the timing of any of these rumors or talks of future phases too much. It's opening day in St. Louis and media outlets are trying to push as much Cardinals content as possible - what's new, what's exciting, what should get the fans pumped for a new season. It's like an unofficial "State of the Cardinals Nation" time (yes, I know they do that during Winter Warm Up, but Opening Day is much much bigger and draws a much larger media presence).
Speculative thought on my part. Anyone think that the next tenant might be Post Holdings now that announced that they will not be building thier own building?
^ My guess would be no. Based on the BJ reporting I read yesterday, it sounds like they're moving some folks into a larger building they own in the same business park they're currently located in, but I hope I'm wrong. It'd be nice to get some well known names on that building...though I suppose PwC is pretty well known lol. Either way, if what Chris said is true, to have a new downtown Class A office tower 100% leased before it opens would be a huge deal. Centene's first tower in Clayton will also be 100% leased up when it opens. Good stuff.
Agreed. It's opening day and they finally have Phase II ticking along (what can be actually described as a "village" as opposed to a bar mall). But there's really no reason to think phase III is right around the corner.chaifetz10 wrote: ↑Apr 05, 2019I wouldn't read into the timing of any of these rumors or talks of future phases too much.
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I don't believe anything is imminent, but it has to be getting planned behind the scenes.
Right now, One Cardinal Way is 30% leased. I fully expect it to be 100% leased by the time it opens.
And I fully expect that Two Cardinal Way, which I would think would be on the northeastern lot, will be announced before the project is completed.
Cordish did the same thing with Kansas City.
I'm really hoping Cordish and the Cardinals have the chutzpah to build something tall on one of the remaining parcels - or on the Shannon's site. I'd love to see something 500 feet tall.
I'm expecting three more towers around the height of One Cardinal Way, or shorter, however.
Right now, One Cardinal Way is 30% leased. I fully expect it to be 100% leased by the time it opens.
And I fully expect that Two Cardinal Way, which I would think would be on the northeastern lot, will be announced before the project is completed.
Cordish did the same thing with Kansas City.
I'm really hoping Cordish and the Cardinals have the chutzpah to build something tall on one of the remaining parcels - or on the Shannon's site. I'd love to see something 500 feet tall.
I'm expecting three more towers around the height of One Cardinal Way, or shorter, however.
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Too me this is a very exciting development before then it was bland. I don’t think there’s anything wrong with speculating as long as it doesn’t give it all away. I like to be surprised and held in suspense. We’ll before the season I believe DeWitt has been a bit more open about the overall project and phases. I do think if phase 3 follows immediately it could very well be the tallest.
I don’t we all realize this is a high demand project because it’s the Cardinals one of the most iconic sports team in all of sports. In a few weeks at&t tower will be auctioned off
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Tbh I would be shocked if they add another office space of any significant size to BPV. Short of a company announcing an HQ move or STL gaining a Nashville-esque reputation overnight it's just not in the cards. Seemed like they had enough trouble filling their meager office space in phase 2, and we all know how Cupples X folded despite not being particularly ambitious.
I think we see 3 more residential towers built on top of large parking podiums containing street level retail, which is exactly what this area of downtown needs. South of Market street one has to admit that downtown feels more like an office park than a functioning mixed use area. The Cupples buildings have a few popular bars which is good but there is next to no residential or retail density apart from that.
Say what you will about Tin Roof and Wheelhouse, but this is a chance to build on the momentum of those bars being at the height of their popularity just like the loft district during Wash Ave's day. "Becky" from the county may not otherwise move to the city but the opportunity to live a block away from her and her friend's favorite bar is too good to pass up. Lets build Becky some housing while the iron is hot!
I think we see 3 more residential towers built on top of large parking podiums containing street level retail, which is exactly what this area of downtown needs. South of Market street one has to admit that downtown feels more like an office park than a functioning mixed use area. The Cupples buildings have a few popular bars which is good but there is next to no residential or retail density apart from that.
Say what you will about Tin Roof and Wheelhouse, but this is a chance to build on the momentum of those bars being at the height of their popularity just like the loft district during Wash Ave's day. "Becky" from the county may not otherwise move to the city but the opportunity to live a block away from her and her friend's favorite bar is too good to pass up. Lets build Becky some housing while the iron is hot!
I don't expect to see a 50 story office tower at BPV but I do expect some more office space. In my opinion if the rumors are true that it's going to open 100% leased (and that they turned down some potentially larger tenants), I wouldn't say they had too many problems leasing it out. I would have imagined it opening with PwC and maybe a couple others with the rest empty at first, but not full. DeWitt said his ultimate goal would be a corporate headquarters on the site, while that is a long shot, if there is any one organization in St. Louis that could probably lure someone in, it's the Cardinals.GoHarvOrGoHome wrote: ↑Apr 06, 2019Tbh I would be shocked if they add another office space of any significant size to BPV. Short of a company announcing an HQ move or STL gaining a Nashville-esque reputation overnight it's just not in the cards. Seemed like they had enough trouble filling their meager office space in phase 2, and we all know how Cupples X folded despite not being particularly ambitious.
To be fair I'd be totally fine with three more residential towers too, I do agree that the area south of Market desperately needs more residential.
Snagged a few screenshots off some Facebook videos of yesterday's festivities. One Cardinal Way is really going to dominate that view:
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What if the Cardinals & Cordish were able to put a 20-story office tower in BPV? If it's true that they had to turn away some larger tenants, it sounds feasible.
We already know they can put a 30-story apartment tower in BPV, so... why not a 50-story tower with both?
We already know they can put a 30-story apartment tower in BPV, so... why not a 50-story tower with both?
What happens to the Hilton and 360 Bar if the Cardinals & Cordish blot out their view of the stadium?
I'd like to think that both would be just fine. 360 offers some pretty unique bar views for St. Louis.
I'd like to think that both would be just fine. 360 offers some pretty unique bar views for St. Louis.
Dunno, but I can't wait to find out.KansasCitian wrote: ↑Apr 06, 2019What happens to the Hilton and 360 Bar if the Cardinals & Cordish blot out their view of the stadium?
Nothing, I would imagine. While the Cardinals are certainly a popular draw for 360, you're only talking 81 (regular season) nights/days per year. Even if those last three blocks of BPV were full of tall buildings the views would still be specular, just more city than ballpark, which honestly is perfectly fine with meKansasCitian wrote: ↑Apr 06, 2019What happens to the Hilton and 360 Bar if the Cardinals & Cordish blot out their view of the stadium?
The only real conflict will be that northeast lot, the other two are mostly fronted by lower rise structures. I personally can't see anything getting much taller than One Cardinal Way, and if so I would hope the taller building would go on either the middle or the western lot. I think a building that finds the middle ground between OCW and the taller Hilton tower would be a good fit for the east lot, but I won't be complaining if it's taller.
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I am expecting three towers about as tall as OCW to fill in the rest of BPV.
The worst case scenario for 360 is just that, as well as a tower on the site of Mike Shannon's.
But even then, I'd like to think that the Hilton and the 360 would be fine. The views to the north, and obviously of the Arch and river to the east, are spectacular.
The worst case scenario for 360 is just that, as well as a tower on the site of Mike Shannon's.
But even then, I'd like to think that the Hilton and the 360 would be fine. The views to the north, and obviously of the Arch and river to the east, are spectacular.
I was just thinking about it, and the worst case scenario for 360 is that the Cardinals make a wall of buildings down Walnut Street, and include a rooftop bar in one of them.
But that'd almost be spiteful.
But that'd almost be spiteful.
Plenty of cities have rooftop restaurants with other buildings blocking their views. I can only hope that issue comes up.
They are going to have an 11a topping off ceremony for the office building today. Fox2 said they will name the building at that time.
Anyone going?
Anyone going?
Really hope that won't be the case. 3 or 4 towers all of the same height would look super monotonous. Especially since they'll likely all have a similar design. Hopefully they'll vary them a bit.KansasCitian wrote: ↑Apr 07, 2019I am expecting three towers about as tall as OCW to fill in the rest of BPV.
Provided those buildings are residential and or office in nature any rooftop amenities are likely going to just be for the occupants. I highly doubt they'll open a rooftop deck to the public that's located in an apartment building. Maybe one on an office building...but even that would be a stretch. The current office building will have a rooftop deck that will only be available to PwC (and I'm assuming other tenants in the building). Competition wise, I don't think 360 has much to worry about, sight-lines and view, they might.KansasCitian wrote: ↑Apr 07, 2019I was just thinking about it, and the worst case scenario for 360 is that the Cardinals make a wall of buildings down Walnut Street, and include a rooftop bar in one of them.
I was under the impression that the Pennant Building was it's official name now. Here's to hoping they'll announce the remaining tenants today. Maybe Fox2 just misspoke, they also misstated the height of the building as well.
I went to the topping off ceremony. Some updates...
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Cordish's Nick Benjamin
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Paric's inclusion division head, Howard Hayes.
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J.T. from PwC
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Paul from Butcher-Joseph
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Mayor Krewson
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The Beam and signing
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Up it goes
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- Clayton based asset management firm, ButcherJospeh, is moving from 101 S. Hanley to the office building. They didn; say if they would fill up the rest of the building.
- PwC will occupy floors 10 and 11 and have the rooftop deck. Other cool features will be a two-floor atrium within their office at the Southeast corner. It will be a gathering place for their employees.
- The new name is the PwC Pennant Building
Cordish's Nick Benjamin
Paric's inclusion division head, Howard Hayes.
J.T. from PwC
Paul from Butcher-Joseph
Mayor Krewson
The Beam and signing
Up it goes
ButcherJoseph will occupy only 8000SF of office space. Not much but they are a small firm. There will be one other tenant announced that is practically signed on. As to when I don't know.
New website: https://pwcpennantbuilding.com/
New website: https://pwcpennantbuilding.com/
Yeah I was a little disappointed with the ButcherJospeh announcement. Nothing against them, I couldn't be happier they picked downtown and it sounds like they're about to double in size. All good things. But according to the BJ they only have about 15 employees, I was hoping the topping out ceremony would have included a larger announcement.chriss752 wrote: ↑Apr 14, 2019ButcherJoseph will occupy only 8000SF of office space. Not much but they are a small firm. There will be one other tenant announced that is practically signed on. As to when I don't know.
New website: https://pwcpennantbuilding.com/
In an article about how STL based companies largely shy away from Downtown, the Business Journal mentioned Rawlings was still considering BPV...they're my guess for this other mystery tenant. They have about 150 or so folks in West County. Add the partial ownership by MLB and the cool factor in being based across from Busch Stadium for a company like that and they'd be a perfect fit.
PwC has around 370 local employees, we'll take ButcherJoesph at their word and say about 30 for them, and then if Rawlings pulls the trigger another 150. That's around 550 jobs...how many you think the Pennant could hold?